The FUCHS Group, which is active in the lubricants sector worldwide, has converted its total European electricity consumption to 100% green electricity for 2020 and 2021.

As a result, the Group has reduced the carbon footprint of FUCHS companies worldwide by more than 8% by 2020.

Since the beginning of 2020, the FUCHS Group and all its production subsidiaries have been CO2-neutral in the scope of gate-to-gate. This means that all emissions related to production and operating activities have been neutralised since 2020. 'This includes all direct and indirect emissions within the FUCHS gates of our manufacturing subsidiaries through energy and water consumption, waste generation, as well as fleet operations, travel and the commute of our employees,' explains Markus Garb, Vice President Sustainability.

In order to compensate for the unavoidable emissions, FUCHS invests every year in six certified key climate protection projects. According to the principle of 'avoid - reduce compensate' the compensation by purchasing climate protection certificates is only the last step to achieve CO2 neutrality. FUCHS is continuously working to reduce its corporate emissions.

An important step was the conversion of the electricity supply of all European subsidiaries to 'green electricity' for 2020 and 2021. 'We achieved this by acquiring 'proofs of origin' amounting to a good 40 gigawatt hours (GWh) from a European wind turbine. With this measure, our complete electricity consumption of the European sites in 2020 and in 2021 will be covered by renewable generation and is therefore CO2-neutral for our company footprint. We are particularly proud that this step alone has enabled us to reduce our corporate footprint by more than 8% worldwide by 2020,' says Garb. 'This is an essential element of our FUCHS neutrality strategy, in which we want to continuously reduce our specific energy consumption and, at the same time, increase the use of 'green' energy (renewable energy) worldwide.'

In addition, FUCHS has taken significant steps to produce its own energy at selected FUCHS locations. FUCHS operates numerous plants and warehouses worldwide with a large amount of roof space that can be used for the construction of solar systems. This is exactly what is happening at the Spanish site of Castellbisbal. A plant of 1,650 square metres with an installed capacity of 335 kilowatt peaks was built on the roofs of several warehouses. 'With the new solar system, we will be able to cover about 43% of our annual electricity consumption,' says Eladio Cuadrado, Managing Director of FUCHS in Spain. FUCHS companies in Australia, India, South Africa and the UK already operate solar systems, with more planned.

By 2025, the company aims to provide its customers with CO2-neutral products (cradle-to-gate). This means that suppliers with their raw materials will also be involved, so that FUCHS can process more sustainable raw materials for CO2-neutral products in the future. For this purpose, standards are currently being developed together with partners and associations in order to quantify and record sustainability uniformly across the entire value chain.

Contact:

Tel. +49 621 3802-1104

Email: tina.vogel@fuchs.com

Web: www.fuchs.com/gruppe

AboutFUCHS

The FUCHS Group develops, produces and sells high-quality lubricants and related specialities for almost all industries and applications. The company, which was founded in Mannheim in 1931, employs nearly 6,000 people worldwide in 58 operating companies. FUCHS is the world's largest supplier among independent lubricant manufacturers. The most important markets by sales are Western Europe, Asia and North America.

Important Note

This press release contains forward-looking statements based on assumptions and estimates made by the management of FUCHS PETROLUB SE. Although management believes that these assumptions and estimates are correct, future actual performance and results may differ materially from these assumptions and estimates due to a variety of factors. These factors may include, for example, changes in the macroeconomic situation, procurement prices, exchange rates and interest rates, as well as changes within the lubricants industry. FUCHS PETROLUB SE assumes no warranty or liability that future developments and actual results will be consistent with the assumptions and estimates expressed in this press release.

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